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Cardinal Health Reaffirms FY23 Outlook - Update
(RTTNews) - While reporting financial results for the first quarter on Friday, healthcare services company Cardinal Health, Inc. (CAH) reaffirmed its adjusted earnings guidance for the full-year 2023 in the range of $5.05 to $5.40 per share.
On average, 14 analysts polled by Thomson Reuters expect the company to report earnings of $5.24 per share for the year. Analysts' estimates typically exclude special items.
The company noted that this guidance includes an update to Medical segment profit outlook to flat to 20% decline, from 10% growth to 10% decline, which reflects the impact of the previously announced simplification actions.
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Cardinal Health Promotes CFO Jason Hollar To Succeed Mike Kaufmann As CEO
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UK Market Ends Slightly Up
On a day in which most of the markets across Europe remained closed for Labor Day holiday, the UK market, where trading was on, ended marginally up on Thursday, extending its gains to a 13th straight session.
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Canadian Market Retreats After Recovering From Early Drop
The Canadian market is modestly higher around noon on Thursday with shares from energy and technology sectors posting strong gains. A sell-off in materials section is limiting market's upside.
The mood in the market is quite cautious amid concerns about global economic growth.
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